Another Tweet That Went Wrong 🎢
In today’s edition: 🤝 3AC and Genesis pact, 📈 XRP soars on hoax, 🆕 Lens V2 upgrade, 🚀 CBOE launches crypto futures, 💰 Crypto inflows hit $1.1B, and more!
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What’s Poppin’?
by Brandy Betz, James Rubin, and Samyuktha Sriram
Genesis Asks to Pay $33M to Settle $1B in 3AC Claims
The crypto lender, which filed for Chapter 11 bankruptcy protection, and collapsed hedge fund requested court approval for their negotiated settlement.
Fake BlackRock ETF Filing Sends XRP Up 12%
A fake application for an XRP fund appeared on the official Delaware website, leading to a brief rally for the token on Monday.
Aave’s Decentralized Social Media Network Lens Starts V2 Upgrade on Polygon Mainnet
Lens V2 introduces a number of new features that will improve the user experience and enable creators to more quickly monetize their work.
CBOE to Launch Bitcoin and Ether Margin Futures Trading
Cboe Digital intends to become the first U.S.-regulated crypto native exchange that will enable both spot and leveraged derivatives trading.
Crypto Investment Product Inflows Soar to $1.1B in 2023, Third Highest Level on Record
Bitcoin continued to see the most inflows last week with $240 million and is now at $1.08 billion worth of inflows this year.
The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny.
Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues.
Daily Bits…✍️✍️✍️
🔄 FTX-linked wallets transferred $13.5M worth of Solana's SOL and $4M in USDT to Binance and Wintermute as Solana's rally slowed down.
📜 The crypto industry is pushing back against the U.S. Treasury's proposed tax reporting rules, fearing impractical compliance demands and privacy issues.
🔑 Bim Afolami was appointed as economic secretary to the U.K. Treasury, taking on responsibilities for crypto and CBDC policy, replacing Andrew Griffith.
💼 Ryan Wyatt, former President of Polygon Labs, joined Optimism as Chief Growth Officer.
Today in Crypto Adoption...
🔐 Crypto.com secured a license to operate virtual asset services in Dubai, advancing to the third stage of the licensing process.
The $$$ Corner…
💼 Singapore-based Foresight Ventures acquired an 80% stake in crypto media outlet The Block, valuing the company at $70 million.
💰 Fnality, a fintech firm creating tokenized major currencies, secured $95 million in Series B funding led by Goldman Sachs and BNP Paribas.
🎤 South Korean blockchain-based K-pop agency Modhaus raised $8 million in Series A funding to expand blockchain applications in entertainment.
What Do You Meme?
Recommended Reads
Unchained: GOP Candidate Vivek Ramaswamy Makes the Case for Reduced Crypto Regulation
The Blockchain Association’s letter opposing tax regulations proposed by the IRS
@intocryptoast on ETH staking APR
📈 Your Market Update 📉
BTC is down 1.4%, trading at $36,357
ETH is down .3%, trading at $2,039
BTC dominance: 49.28%
Crypto market cap: $1.45T
*All data as of today, 06:24 am ET
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